Soros made the most clear explanation why pound will drop after brexit.
Now he is predicting that a Brexit would cause a 15 to 20 percent decline in the currency.
While the 1992 tumble ended up aiding the country in the long run, as it brought down interest rates and helped ignite a recovery, Soros said that this time around the devaluation would not be healthy.
The Bank of England could not cut rates from already low levels;
The U.K. has a large current account deficit and likely would not see another inflow of cash;
The loss of currency value wouldn't help exports, because of uncertainty in trading conditions that the Brexit would trigger.
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